Gulf states aim to decide on single-currency peg by 2010

From Zawya Dow Jones: Gulf states will aim to decide by 2010 on whether to peg a planned unified currency to a basket, the U.S. dollar, or another single currency, Kuwait’s Finance Minister told Zawya Dow Jones in an interview.

“There’s work to be done to decide whether or not it [the unified currency] will be connected to a single currency or basket,” Mustafa Al Shimali, the Kuwait Finance Minister told Zawya Dow Jones in an interview Monday. “We hope a decision will be taken by 2010.”………………………………Full Article: Source